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Since the 2009 G20 Summit, we’ve seen repeated claims that banking secrecy is over. But viewed alongside the countless tax and corruption scandals that have plagued us since, it would be understandable if you question that sentiment. In our new analysis, Unequal Exchange, we explore just how far one key transparency tool, the automatic exchange of financial information, has come.

PRESS RELEASE FOR IMMEDIATE RELEASE Today, members of the European Parliament (MEPs) voted to support a ramp up of efforts to clamp down on tax abuse by shedding light on the activities of multinational corporations around the globe. But a last minute compromise amendment raises questions about the ultimate effectiveness of the entire tax transparency

Right now, most multinational corporations based in Europe don’t have to reveal where they operate, how much they pay in taxes, or how many employees they have in a specific country; instead, they deliver bundled reports that make it difficult to hold them accountable. But new legislation known as the Shareholders Rights Directive could change

The corporate income tax is under attack. Nation states are scrambling to offer multinational corporations an ever growing feast of lower taxes, loopholes and incentives. Lobbyists and politicians constantly try to persuade us that the corporate tax is a bad, inefficient, unreasonable tax. Yet it is one of the most precious of all taxes.
One of our ten points concerns revenue. Corporate income taxes have added up to almost US$ 7.5 trillion since the global financial crisis erupted in 2008, in OECD countries alone. This is nearly half of all OECD public health spending and around double the amount spent...

We are a pioneering global network of organizations working on illicit financial flows. We use our wide reach and expertise to influence global norms and standards for financial transparency, and close loopholes in the global financial system. We seek to curtail illicit financial flows through the promotion of a transparent, accountable and sustainable financial system that works for everyone.